Dino sets IPO price

Retail chain Dino priced its initial public share offering at PLN 33.5 apiece, potentially raising PLN 1.6 billion. Dino's minority stakeholder Polish Sigma Group plans to sell all of its 48 million shares representing 49 percent of the company's stock. Dino's founder and owner, Tomasz Biernacki, will remain the firm's majority shareholder with a 51 percent stake. The final issue price will be published on April 4 when bookbuilding closes in the institutional tranche, which is also when the final number of shares on offer will be announced. The market debut is expected on April 21.